Gentle Readers,

That rumbling sound you hear is the other shoe falling (big shoe, very big shoe) in the housing collapse. There will be several after-shock tremors. Now ol’ Bwana here predicted (and wrote) some two years ago, the exact chain of events as they have unfolded. I credit this brilliance with being a mediocre student in 8th grade math.

The burning question now is, “should the government bail everyone out.” After all, they did make it possible for everyone to get in. The short answer is, NO. The long answer however is, Hell NO.

Those who voluntarily put pen to paper on the bottom line of a dumb mortgage, need to face the facts, they’re dumb. By 12th grade, reading is somewhat of a requirement in most U.S. schools. And since most mortgage holders are over the age of 18, well you get the picture and it’s a horror movie.

The aftershock that I talked about above will unfortunately spread to those who were innocent bystanders. In Las Vegas, there are some 60,000 residential housing units for sale and more coming by the minute due to Vegas being the foreclosure capital of the world. Now let’s say that you are, er…were, employed in the construction area of that former growth capital of the world. Nope, it’s not a pretty scene.

Stay tuned, we need to talk about those who had nothing whatsoever to do with this latest turn of events, but find themselves fully involved.